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MYR to USD - Best Rates Guide

We review Malaysian Ringgit to US Dollar latest & historic FX rates along with recent MYR/USD Trend and Alerts.

 

Latest wholesale rate

1 MYR = 0.2463 USD
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Malaysian Ringgit to US Dollar
- Trend & Alerts

MYRUSD at 0.2463 is 1.8% above its 90-DAY average, range 0.2397-0.2463.
🔔 MYRUSD is at 90-DAY HIGHS.
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Alert:90-DAY HIGHS |
 
MYR to USD chart

View My Alerts

     

Comparing MYR to USD Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale MYR/USD rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for MYR to USD International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Malaysian Ringgit to US Dollar - Quick Conversions

MYR USD
RM 1 U$ 0.2463
RM 5 U$ 1.2315
RM 10 U$ 2.4630
RM 20 U$ 4.9260
RM 50 U$ 12.32
RM 100 U$ 24.63
RM 250 U$ 61.58
RM 500 U$ 123.15
RM 1,000 U$ 246.30
RM 2,000 U$ 492.60
RM 5,000 U$ 1,232
RM 10,000 U$ 2,463
RM 50,000 U$ 12,315
RM 100,000 U$ 24,630
More amounts
MYR USD
RM 4.0600 U$ 1
RM 20.30 U$ 5
RM 40.60 U$ 10
RM 81.20 U$ 20
RM 203.00 U$ 50
RM 406.00 U$ 100
RM 1,015 U$ 250
RM 2,030 U$ 500
RM 4,060 U$ 1,000
RM 8,120 U$ 2,000
RM 20,300 U$ 5,000
RM 40,600 U$ 10,000
RM 203,000 U$ 50,000
RM 406,000 U$ 100,000
More amounts

Calculate other MYR/USD amounts (from or to) at mid-market with our MYR to USD Calculator .

 

Malaysian Ringgit and US Dollar - Market News

 

When determining the best time to make a foreign exchange transaction, in this case the MYR vs USD, you should pay attention to the recent market trends for both currencies.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.

Get more details in the article Malaysian Ringgit Forecasts.

 

US Dollar (USD)

The US dollar has dropped steadily for the last 3 months against nearly all major currencies. In late November the US Dollar has fallen to a two and a half year low with the US Dollar Index hitting its lowest value since April 2018.

Get more details in the article US Dollar Forecasts.

         

How to get Best MYR to USD Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

 

What is a good MYR to USD exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian Ringgit vs US Dollar current value is to look the MYR/USD historic rate and change over a range of periods.

The following table looks at the change in the MYR to USD exchange rate over periods from the previous week back to the last 10 years.

MYR/USDPeriod
0.2446
24 Nov 2020
1 Week
0.2408
01 Nov 2020
30 Days
0.2412
02 Sep 2020
90 Days
0.2393
02 Dec 2019
1 Year
0.2371
03 Dec 2015
5 Years
0.3185
04 Dec 2010
10 Years

MYR/USD 10 year historic rates

 
   

Will the Malaysian Ringgit rise against the US Dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add MYR/USD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.